Everbridge (NASDAQ:EVBG) PT Set at $98.00 by Stephens

Everbridge (NASDAQ:EVBG) has been given a $98.00 price target by equities research analysts at Stephens in a research note issued on Monday, TipRanks reports. The brokerage currently has a “buy” rating on the technology company’s stock.

Several other analysts also recently issued reports on EVBG. BidaskClub upgraded Westport Fuel Systems from a “hold” rating to a “buy” rating in a research report on Friday, July 12th. SunTrust Banks upped their price objective on Everbridge to $100.00 and gave the company a “positive” rating in a research report on Thursday, June 20th. Northland Securities upped their price objective on Everbridge from $83.00 to $105.00 and gave the company an “outperform” rating in a research report on Friday, June 21st. Credit Suisse Group lowered COCA COLA AMATI/ADR from an “outperform” rating to a “neutral” rating in a research note on Thursday, June 20th. Finally, Robert W. Baird initiated coverage on TAIWAN LIPOSOME/S in a research note on Thursday, June 20th. They issued an “outperform” rating for the company. Three research analysts have rated the stock with a hold rating, ten have given a buy rating and two have given a strong buy rating to the company. Everbridge presently has an average rating of “Buy” and a consensus target price of $94.42.

Shares of NASDAQ:EVBG traded up $1.83 on Monday, hitting $98.00. The company had a trading volume of 265,670 shares, compared to its average volume of 685,704. The company has a debt-to-equity ratio of 0.52, a quick ratio of 2.42 and a current ratio of 2.42. Everbridge has a 52-week low of $41.94 and a 52-week high of $99.67. The business has a 50 day moving average of $88.68. The firm has a market capitalization of $3.25 billion, a P/E ratio of -68.53 and a beta of 0.83.

Everbridge (NASDAQ:EVBG) last issued its quarterly earnings data on Monday, May 6th. The technology company reported ($0.39) earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of ($0.48) by $0.09. Everbridge had a negative return on equity of 52.04% and a negative net margin of 30.93%. The business had revenue of $42.82 million for the quarter, compared to the consensus estimate of $42.23 million. During the same period in the prior year, the business earned ($0.17) earnings per share. The business’s revenue was up 40.3% on a year-over-year basis. On average, research analysts predict that Everbridge will post -1.41 EPS for the current fiscal year.

In other Everbridge news, EVP James Totton sold 21,875 shares of the company’s stock in a transaction dated Monday, May 6th. The stock was sold at an average price of $72.57, for a total transaction of $1,587,468.75. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, insider Robert W. Hughes sold 15,625 shares of the company’s stock in a transaction dated Monday, June 24th. The stock was sold at an average price of $91.82, for a total value of $1,434,687.50. The disclosure for this sale can be found here. Insiders sold 419,925 shares of company stock valued at $34,630,756 over the last quarter. Insiders own 2.20% of the company’s stock.

A number of large investors have recently made changes to their positions in the business. New York State Common Retirement Fund increased its position in Everbridge by 1.1% in the fourth quarter. New York State Common Retirement Fund now owns 51,687 shares of the technology company’s stock worth $2,934,000 after purchasing an additional 563 shares during the last quarter. BlackRock Inc. boosted its stake in shares of Everbridge by 6.5% during the fourth quarter. BlackRock Inc. now owns 1,883,378 shares of the technology company’s stock valued at $106,901,000 after purchasing an additional 115,710 shares during the period. Bank of New York Mellon Corp boosted its stake in shares of Everbridge by 89.5% during the fourth quarter. Bank of New York Mellon Corp now owns 539,073 shares of the technology company’s stock valued at $30,598,000 after purchasing an additional 254,536 shares during the period. Geode Capital Management LLC lifted its stake in Everbridge by 7.7% in the fourth quarter. Geode Capital Management LLC now owns 302,277 shares of the technology company’s stock worth $17,156,000 after acquiring an additional 21,656 shares during the period. Finally, Mackay Shields LLC purchased a new stake in Everbridge in the fourth quarter worth about $352,000. Institutional investors own 97.40% of the company’s stock.

Everbridge Company Profile

Everbridge, Inc operates as a software company in the United States and internationally. The company's Critical Event Management, a software as a service based platform with various software applications that address tasks an organization has to perform to manage a critical event, including Mass Notification that enables enterprises and governmental entities to send notifications to individuals or groups to keep them informed before, during, and after natural or man-made disasters, and other emergencies; Safety Connection that enables organizations to send notifications based on last known location of an individual; Incident Management that enables organizations to automate workflows and make their communications relevant; and IT Alerting that enables IT professionals to alert and communicate with members of their teams during an IT incident or outage.

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Analyst Recommendations for Everbridge (NASDAQ:EVBG)

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